Solution-Who is liable for the loss

Who is liable for the loss

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Bill and Benita are competitors who both operate businesses providing book keeping services for building contractors. Bill is a sole trader and Benita has registered her business as a single member/single director proprietary limited company. Answer each of the following questions in relation to each business giving reasons for your answers:-

Problem 1: When a client engages Ben's business who will be the parties to the contract?

Problem 2: When a client engages Benita's business who will be the parties to the contract?

Problem 3: In the course of fulfilling a contract , Ben makes serious errors resulting in a loss to the client of $20,000. Who is liable for the loss?

Problem 4: In the course of fulfilling a contract , Benita makes serious errors resulting in a loss to the client of $20,000. Who is liable for the loss?

Problem 5: Ben has decided to cease trading and bring the business to an end. What must he do to achieve this?

Problem 6: Benita has decided to cease trading and bring the business to an end. What must she do to achieve this?

Reference no: EM132617816

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Who is liable for the loss

Reference no: EM132617816

Reference no: EM132617816

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